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Globalists and economists are burning through what little remains of their credibility with each failed prognostication. David Cameron suggested a Brexit might
by cloakandswagger 10y ago
Globalists and economists are burning through what little remains of their credibility with each failed prognostication.
David Cameron suggested a Brexit might spark WW3. Economists claimed it would decimate the British economy in short order. These same naysayers are still prophesying, this time saying that the collapse is gradual but imminent.
Your average "Main Street" person is tired of being talked down to by ivory tower economists and globalists, and they're responding with support for populist movements.
I predict this will reach a boiling point in the US when Fed monetary policy results in the opposite intended reaction.
- dragonwriter 10y agoSince Brexit hasn't actually occurred, its a little early to call any of the prognostications as to what it might produce "failed".
- cloakandswagger 10y agoMarkets are made up of people who can read future events into current prices. The idea that the negative impact of Brexit won't take effect until the final papers are signed doesn't hold water with me
- dragonwriter 10y agoIts not a matter of "the final papers" being signed. The process by which negotiations to produce "the final papers" would begin hasn't been started, and there is only loose speculation as to when it would start. The idea that the negative impact of Brexit would be fully realized while people are still actively discussing why despite the public, but not legally binding, commitments it still might never happen at all, is, well, ludicrous in the extreme.